A single ransomware incident can, on average, run a tab of over $713,000. About 21% of 200 SME businesses in the U.S. said they are completely ready to manage IT security and protect against threats. This number is dangerously small, but cloud computing may provide the security against the threats that many firms need.

Many organizations have dedicated countless hours for preparation for the European Union General Data Protection Regulation, but too many have just started taking steps to ensure compliance. The new regulations will have international consequences that must be addressed by firms who deal across borders, as the legislation has dire consequences for those who don’t comply.

Federal authorities have nabbed user MalwareTech, aka Marcus Hutchins, for the creation and distribution of the Kronos banking Trojan. In an unsuspected move, authorities arrested Hutchins after his role as the researcher who stopped the expansion of the WannaCry ransomware earlier this year. WannaCry was deemed an extremely high risk malware, spanning over 150 countries in just a matter of days.

Bad actors targeting vital institutions that had previously been sacrosanct have become harder to detect. The damages inflicted in many cases have dealt virtually fatal blows to corporate finance and organizational operations.

10Fold Content Newsletter

Popular Post

Our Client – AppDynamics

Get in Touch with 10Fold!

With offices based in San Francisco, the California Bay Area and Southern California, 10Fold Communications is conveniently located in the epicenter of technology innovation.

About

10Fold Communications is a high-tech integrated marketing and public relations agency. We leverage our specialized skills and our well-established media and analyst relations to provide you with far-reaching perspectives, insights and results. We’re dedicated to your success and we have the know-how to make it happen..